Land @ 6, Beauley Road, Southville, BS3 1PX

FOR SALE BY AUCTION

LOT NUMBER 18
Wednesday 8th June 2016
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

THE PROPERTY

A well proportioned 3 bedroom semi detached period home with basement level set on a larger than average double plot.

LOCATION

Beauley Road lies within the popular suburb of Southville. North Street is within walking distance and offers a wide variety of amenities including bars, pubs, cafes and independent retailers. Bristol City Centre and the Harbourside district is within a mile whilst there are also regular public transport links running from Bedminster to the Cabot Circus shopping complex which is approximately two miles away.

THE OPPORTUNITY

EXISTING HOUSE

The house would now benefit from some minor updating and the basement level could be developed but is a charming family home with a value in the region of £400,000

BUILDING PLOT

Planning granted erection of a 3-storey dwelling providing 3 no. 2-bed flats and parking.
GDV £680k - £700k

PLANNING GRANTED

Reference 15/02852/F
Alternative Reference PP-04173683
Application Received Fri 05 Jun 2015
Application Validated Mon 08 Jun 2015
Address Land Adj To 6 Beauley Road Bristol BS3 1PX
Proposal Demolition of garage adjoining 6 Beauley Road and erection of a 3-storey dwelling providing 3 no. 2-bed flats and parking.
Status Decided
Decision GRANTED subject to condition(s)

Decision Issued Date
Tue 15 Sep 2015

NEW BUILD RE SALE VALUES

LOWER GROUND FLOOR
2 BED / 718 Sq Ft
£220,000 - £230,000

GROUND FLOOR FLAT
2 BED / 633 Sq Ft
£210,000 - £220,000

FIRST FLOOR DUPLEX
2 BED 987 Sq Ft
£250,000 +

RENTAL APPRAISAL

The local lettings experts say:

The Bristol Residential Letting Co. is confident this property would make a good rental investment. Don McKeever of The Bristol Residential Letting Co suggests the following rents for the 2 bed flats if developed: lower ground floor - £950-£1000pcm, ground floor – £950-£1000pcm, first floor duplex - £1000-£1100pcm and a range of £1400-£1600pcm for the house subject to the property being refurbished for the professional market. If you would like to discuss more detail on the potential for rental, you can call Don (0117 370 8818) for a no obligation discussion. He will be very happy to advise on maximising the return on this property.

SOLAR PANELS ON ORIGINAL HOUSE

We are informed my the owners;

Property has cash income from Solar Panels at the highest tariff rate and free electricity.
Annual cash income: £1,550 equivalent to £31,000 at 5% yield - plus
Annual free electricity: £380 equivalent to £7,650 at 5% yield.
Guaranteed and index linked to 2037 years. Usually tax free, depending on status.